High View at Boulder Creek – Multifamily Land

26.3 ACRES MULTI-FAMILY LAND (474 UNITS PROPOSED)

Property Type: Land

Subtype: Residential

Zoning: C-3, PAD

Lot Size (acres): 26.28

Broker Co-Op: Yes

APN: 403-15-003Y & 403-15-003Z

Ownership: Boulder Creek Camp Verde LLC

Marketing Description

474-Unit Proposed Apartment PADs totaling ±26.3 acres priced at $180,200/Acre. High View at Boulder Creek is a 186-acre Planned Area Development (PAD) allowing a flexible mix of residential and commercial uses, all within the tax-advantaged “Opportunity Zone”. Boulder Creek RV Storage facility, situated on 12.39 acres, was completed in May 2023 and in lease-up in 2024. The available portions range in size from 9.77 to 36 acres of vacant land, totaling 112.86 acres contiguous, except for the portions that are separated by spine roads upon completion.

The development of spine roads and utility infrastructure is proposed to be completed in late 2024, including wet & dry utilities, Aultman Parkway, and Boulder Creek Road. The Seller has stubbed utilities to the individual primary parcels within the development, including electricity, water, and telephone. Municipal sewer is not available in the vicinity and instead, a commercial septic system is required for any proposed development that requires a sewer/wastewater solution.

Investment Highlights

• Opportunity Zone
• PAD Zoning Overlay
• Available individually (11.47 acres and 14.81 acres) or in whole totaling 26.28 acres
• Utilities stubbed interior spine roads (electricity, water, and telephone)
• Located in Arizona’s northern wine country, the Verde Valley with a dwindling private land supply
• Residential / Multi-Family Land